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20110701
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CNN 7
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
CNN
Jul 27, 2011 1:00am PDT
currency including the euro, jach knees yen as well as the british euro. the big news out of australia today, well, basically the aussie dollar is near a 30-year high. since last year alone the aussie dlar has risen this much, 18.6% against the u.s. dollar. tony morris told cnn there will be winners and losers because of this. >> certainly going to make it more difficult for exports overseas, particularly manufacturing. will make it much harder for the retail sec tor to compete with cheaper goods from overseas. another direct impact, it makes it much more expensive for tourists to visit. those parts of our economy for the tourist sector, we're not going to benefit so greatly from that. the wig guest winners for this are the consumers. find it far cheaper to buy hopefully things on the shelves, for example. >> so the aussie dollar's record strength comes partly thanks to the debt ceiling deadlock in the u.s., but also linked with higher-than-expected inflation down under. australia's latest cpi reading came out today at .9%. many analysts were expecting .7%. because of this higher figur
MSNBC
Jul 27, 2011 12:00pm EDT
>>> good wednesday everybody. i'm contessa brewer covering the big news coast to coast. the big story we're watching right now, debt, deficit, downgrade, deadlock. there's six more days until the august 2nd debt default deadline. really, does anybody think there's going to be a deal? >> it can pass the house and pass the senate. i hope the president will consider signing it into law. >> the speaker's proposal cannot pass the senate, will not reach the president's desk. >> another day, another delay as washington tries to come up with a debt deal. today's breaking news a bipartisan group did the math on both the duelling democratic and republican debt plans and both come up short on their projected savings goals. democrats put their bill on hold. while republicans scramble to rewrite theirs. >> things are very fluid. >> today's house vote tabled while gop leaders try to get reluctant freshman on board. >> i want a solution, not a deal. i don't think this goes far enough. >> does this keep us in the battle. >> john boehner has a group of people that believe their way is the correc
CNN
Jul 28, 2011 3:00am PDT
out of room to cut. you will remember the big spending bill earlier this year cut tens of billions of dollars. so if you take a step back and you look at the entire forest there's a lot of spending cuts going on. lot of real spending cuts democrats are arguing that they are going to hurt a lot of people. so those certainly are accounting tricks. in terms of that last little margin to get to the point where they are cutting more than they are raising the debt ceiling which is what republican leaders wanted to do, they needed to rely on some creative use of cbo accounting methods. >> right. this is also interesting, though. even if he does get john boehner, that is, the house, even if he does get the conservatives to fall in lynn and go ahead and vote for this, there seems to be question about whether it will get out of the senate. have you 53 senators, two independents, included who said they are not going to support boehner's proposal. now we are looking at another proposal perhaps harry reid's proposal which the cbo also downgraded. let's take a look at the numbers. instead of $2.
CNN
Jul 27, 2011 6:00am PDT
questions. on the one hand, he loses a day and there are only six days to go. so that is a big deal. the other thing is that what is more important is the loss perhaps in credibility. the speaker said his plan was going to, you know, save something like over a trillion dollars. but it only saves about $850 billion. so that's a bill difference, too. a question of credibility. on the other hand, he buys some time, because there are a number of people in the house of representatives, some of whom who actually spoke out last night and said this thing is not going to pass. i'm not going to vote for it. he gets a little bit more time to try to drum up the support he needs, because once he puts something on the floor, he has got to get a yea vote. >> all right. dan, you know, there is some talk of a band-aid slash patch approach. what would that do? >> reporter: well, look. a message you've heard from the white house last week or so, that the president does not embrace a short-term deal, but if, in fact, it does appear that there is some compromise happening, that both sides have agreed to
CNN
Jul 25, 2011 3:00am PDT
mean they've got to pass something big and get it implemented quickly if we're not going to blow past that anyway. >> they really do. you heard secretary geithner yesterday saying that essentially we're running out of runway now and this is something that everyone has been dealing with for many, many months. what speaker boehner, according to one republican source, told gop lawmakers yesterday, is that they have to vote on some kind of a plan by wednesday and they have to post it on-line by today. so, you know, these are pretty tight deadlines that they're up against right now and last check, you know, they're still not close on a deal yet. nonetheless they have to get something done as he pointed out by wednesday to meet that august 2nd deadline. >> they don't have to be tight deadlines. >> never has to be tight deadlines. >> this is a crisis made in washington. >> as mark preston told me about half an hour ago, on the phone, he said guys, it's washington. that's -- >> this is how it always works. >> we'll be with you, talking many times. i have to tell you, grover norquist, the pres
CNN
Jul 26, 2011 3:00am PDT
no way, that they're not happy with what speaker boehner put forward for them? >> look, that is a big part of whatever takes place here, because they'rele really digging in. there's some house members who say no new taxes whatsoever, even on the wealthy americans, and the president saying that you need to get some kind of revenue here in order to make the system work for the long term health of the economy. that's very important. what can they come up with that can woo over those republicans who are being very clear about not wanting those taxes to go up. >> dan lothian, thank you. >>> all right. so the two plans on the table right, the democratic backed senator reid plan and the republican led plan from senator -- speaker boehner. let's begin with senator reid's blueprint, cuts $2.7 trillion over the next decade. a big piece is what senator reid calls the winding down of the wars in iraq and afghanistan. that will save $1 trillion. republicans have called that a gimmick, savings from wars that are winding down, even though by the way, the same savings were counted in some republican
CNN
Jul 27, 2011 3:00am PDT
against dominique strauss-kahn. cnn has learned there is a big meeting this morning at the manhattan d.a.'s office. are the charges against the former imf chief about to be thrown out? >>> and the media demanding to know the identity of every juror in the casey anthony trial. the judge has to comply. why don't we have the names? >> can we get help here? how the guy got stuck head first in a sewer. 14 minutes past the hour. [ male announcer ] you have dreams for your children. don't let times like these stand in the way of them. protect your family with the gift of financial security. backed by the highest possible ratings for financial strength. new york life. the company you keep. backed by the highest possible ratings for financial strength. ...was it something big? ...or something small? ...something old? ...or something new? ...or maybe, just maybe... it's something you haven't seen yet. the 2nd generation of intel core processors. stunning visuals, intelligent performance. this is visibly smart. like new splenda® essentials™ no calorie sweeteners. this bowl of strawberries is l
NBC
Jul 28, 2011 7:00am PDT
. >> reporter: but house speaker john boehner claims his debt limit plan has been revived after a big last-minute fix. republicans reworked the package and now it's projected to cut more. $917 billion over ten years. >> it is a test. this is a big step trying to get control of our deficit and our debt. >> reporter: in an interview with brian williams for sunday special "taking the hill, inside congress" boehner played down the loud opposition from some of his own members. >> mr. speaker, is it fair to say that you have a bit of a rebellion on your hands or do you feel -- >> i have a little bit of rebellion on my hands every day. it comes with the territory. >> you don't worry? >> never let them see you sweat. >> reporter: the speaker is getting heat from democrats too. more than 50 just signed a letter saying they would block his plan because it would force us once again to face the threat of default in five or six short months. majority leader harry reid wants to kill the boehner bill and replace it with his own. >> i'm disappointed. i care about john boehner. i think he's a good person.
NBC
Jul 28, 2011 7:00am EDT
's projected to cut more, $917 billion over ten years. >> it is a test. this is a big step trying to get control of our deficit and our debt. >> reporter: in an interview for brian williams for a sunday special, "taking the hill inside congress," boehner played down a lot of opposition from his own members. >> mr. speaker, is it fair to say you have a bit of a rebellion on your hands? or do you feel -- >> i have a little bit of rebellion on my hands every day. it comes with the territory. >> you're not worry? >> never let them see you sweat. >> reporter: the speaker is getting heat from democrats too. 50 signed a letter saying they would block the plan because it would force us once again to face the threat of defaulting in five or six months. harry reid wants to kill the boehner bill and get one of his own. >> i'm disappointed bohnev eed . good person. he's painted himself in a corner. >> reporter: they played this film clip from ben affleck's movie to fire up their members. then upset democrats jumped at the chance to show it again. >> going to hurt some people. >> this is a political
MSNBC
Jul 25, 2011 11:00am EDT
's a really big misunderstanding about folks like myself that got elected in 2010. sure, i sprang from the tea party, but what the tea party is all about is we love this country. we realize we're bankrupting, and the only guarantee i made during the election is i would not vote -- i would never vote with my re-election might not. that's what i i came here for. i came here to actually fix the problem. that's a little different. the long-term politicians here aren't used to that type of commitment to saving our country. that's really the difference here, and until the political class here understands that, they're going to continue to misunderstand what the tea party is all about. not crazy. we're patriots. we love this country. we don't want to see it go bankrupt. >> senator ron johnson. good to have you on with us. >> thanks for having me on. >> the man who confessed to slaughtering at least 93 people in norway has been arraigned in court this morning. take a look. this is the photo just released, showing anders breivik leaving court. the judge ordered the court doors to be closed so he wouldn
FOX News
Jul 24, 2011 7:00am PDT
, in exchange for big, big spending cuts. but, the white house knew that a lot of republicans including speaker john boehner thought it would be irresponsible to not -- raise the debt ceiling and go past the limited and on the other hand, the white house is insisting on a long term deal to get it passed the election, and, republicans know that they cannot reject a deal too, voy default now, just so they can get it passed the election and if there is an actual deal that is -- for 6 months the white house will have to accept it. so, both sides have these weakness in their bargaining positions. >> jamie: byron york of the washington examiner, i know you wrote a great piece on this yesterday and we'll follow your commentary how things are going in washington. thanks for weighing in, today. >> thank you, jamie. >> eric: right now it is ten at night in hong kong and 11:00 at night in tokyo and, in hours when the traders wake up and go to work, what will happen? all eyes are anticipating what could happen when trading beginnings in the asian markets, anxiety of a possible massive sell off is running o
FOX News
Jul 25, 2011 10:00am PDT
. there was a moment in time when president obama was talking about doing big things and being the guy and turnin turning this into a much needed win by a beleaguered president. we are seeing this fade away, we are seeing the administration give control of this discussion to capitol hill, just like with other things. martha: as you say, in previous confrontations when it came to healthcare, stimulus, all of that got pwubgd back to congress to work out the details. he looked like he wanted to be out in front of this. why do you think he changed his mind? >> reporter: it's really hard. being president is really hard but also doing a deal like this is really hard because the scope of what you're talking about isn't -- this isn't about money. we heard over the w weekend, or it's 400 billion on this or 800 billion on that, there is a chasm which exists between the republicans and the house, the conservatives from 2010 and president obama who is puerto rico the hreu ral wing of the democratic party and his victory in 2008. there is a rubber game that needs to be played here, that is the 2012 election a
CNN
Jul 28, 2011 10:00am PDT
party members that want huge cuts in spending and no hike in the debt ceiling. here is where the big numbers come in. the republican speaker has staked his leadership on the plan to let the treasury borrow $900 billion right away, while cutting $915 billion in future spending. contrast that with the senate plan from majority leader reid which would hike the debt by $2.7 trillion by cutting spending by $2.2 trillion. it's not clear when the senate will vote on anything, actually. and that brings me to cnn correspondent, kate bolduan. >> reporter: sounds like they are cautionly optimistic. i am told speaker boehner said they do not have the votes yet but will pass that pill, and some news, on the senate side, the senate majority leader harry reid took to the floor and said this evening, tonight, the senate will move to act on the boehner bill. this assumes that boehner secures the votes and does pass in the house, but this is significant, because all along we have been hearing that there was a sense that the senate was waiting to act to see what happens with the boehner bill, and harry
MSNBC
Jul 27, 2011 11:00am EDT
this country. why this school system doesn't want that is a big question. that needs to change. >> david mcfarland from the trevor project. thanks for your time. i want to pass along to everyone out there, if you or someone is feeling bullied or at risk of suicide for anyone across the board. it doesn't matter if you are part of the lgbt community. you can call the trevor project lifeline at 866-488-7386. this lifeline is free and confidential. >>> here is an amazing statistic. half of all new jobs since the recession added has been added in one state alone. the state's governor might consider using this employment boost to help his run for the white house. there is the man himself. [ male announcer ] this...is the network -- a network of possibilities. in here, the planned combination of at&t and t-mobile would deliver our next generation mobile broadband experience to 55 million more americans, many in small towns and rural communities, giving them a new choice. we'll deliver better service, with thousands of new cell sites... for greater access to all the things you want, whenever you wa
Search Results 0 to 26 of about 27 (some duplicates have been removed)